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List of the largest SaaS companies in Hungary

Top SaaS Companies in Hungary

These are the top SaaS companies in Hungary. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Hungary by featuring these 29 companies with combined revenues of $62.3M.

Together, Hungary SaaS companies employ over 884 employees, have raised $138.2M capital, and serve over 231K customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
SEONT
SEON Technologies

Data Integration Software

Fraud prevention for any business

$11M
$99M
200
140
2018
Hungary
03
GSH
Grape Solutions Hungary

Marketing Software

Grape Solutions is a dynamic software development company that develops custom business applications for local and international customers.

$9M
$4M
-
106
2006
Hungary
04
WUP
W.UP

Financial Services Software

Developer of digital sales software designed for online banking systems. The company's software offers an insight-driven digital sales and engagement tool to empower banks to create real-time, relevant and personalized interactions with customers through digital channels, enabling banks to boost their digital sales and to offer better user experiences.

$5M
-
-
123
2014
Hungary
05
N
Neticle

Internet

Provider of online media monitoring and business intelligence services designed for corporates. The company incorporates the use of proprietary sentiment and semantic analysis technology in order to support corporate decisions by automatically analyzing online content or any given text, enabling businesses and corporate clients to grow their online presence, enhance their digital reputation, fine-tune their internet brand, increase business productivity and optimize business efficiency.

$4M
-
220
49
2012
Hungary
06
T
Talentuno

Digital Marketing Solutions

Developer of an online platform intended to offer products and services to the shared services industry in the CEE region. The company's platform includes an industry portal providing online employer branding services and cloud-based recruitment solution, enabling clients to get pre-filtering and delivering candidates in an innovative way.

$3M
$7M
-
45
2015
Hungary
07
R
Rackforest

Information Technology Software

Our goal is to provide professional server hosting, server rental and server operation services. Building on high end infrastructure, while keeping a great value for money for our customers without sacrificing the need for a stable, solid and reliable set of services.

$3M
$4M
800
20
2009
Hungary
08
R
Recart

Internet

Developer of a marketing platform intended to engage customers using messenger platforms. The company's platform facilitates conversational commerce by connecting with customers regarding abandoned carts, shipping, reviews and product promotions directly via messenger apps, enabling clients to reach out to customers faster and close sales, thereby increasing revenues.

$3M
-
130K
34
2015
Hungary
09
EIT
EnablesIT

Data Integration Software

For over 25 years our responsive support has been ensuring IT helps our clients to build business excellence. We provide solid and secure IT foundations with better integrated IT to deliver your business outcomes. We focus on exceptional standards and continuous improvement enabling you to manage change and maintain service excellence for your clients.

$2M
-
-
31
1991
Hungary
10
CTREND
CompuTREND

Information Technology Software

Provider of business software. The company provides business software related to enterprise resource planning, data analytics, and information systems management. Their software is used by hospitals, government and other public business sectors.

$1M
-
-
38
1986
Hungary
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What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.